Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Parkmead said they achieved in June 2016 gas production of 34m cu ft per day (= 5,850 boe per day) and that operating expenditure was = $14boe. So my question is does anybody know at what price Parkmead is selling its gas? From this we can roughly calculate what amount of positive cash flow is being generated from its gas sales... I have tried to find some indication of this but without success. Thank you in advance if you have some information.
EDEN's business model is like ARMs - licenses plus royalties on sales. The problem with assessing whether EDEN will generate a good return on the investment is working out the volume of their product that has to be used to generate enough royalty income pa - with ARM and a known (more or less I think) royalty rate you can relate it to available figures of unit sales and likely unit sales of the products their processes go in.... Does anybody have rough figures for this in the case of EDEN?
Need some perspective here. From most people's perspective buying c£85k of shares is a lot but from Warren East's perspective this is just peanuts - what does he get paid p.a. - base salary £1.7million so he has put in the equivalent of around 5% of his base salary.......and given he will be a very wealthy individual from his time at ARM then compared with that, buying £85k is ..... If he had bought 250k then maybe more significant - his 'payment package' also probably includes some form of remuneration in relation to the share price.......
What is the earnings potential of EDEN given its business model .....what sales would EDEN's customers have to achieve with its products for EDEN to get royalty payments that would say provide earnings of £3.9million (for a current p/e = 10)..... i.e. how far off is EDEN from generating anything near this amount of earnings?
I like what Carclo is doing - investing in technology and building businesses around them. Financially however you can see that currently the ROCE is only around 10% and then they have the pension deficit issue etc. So CIT would (could still ?) have transformed the company. I was invested but pulled out (with a small gain) partly on what the new CEO said when describing the outlook for CIT - his words from memory were framed by reference to the previous CEO's position - in effect 'I agree' that if my predecessor's assumptions prove correct then CIT will be transformative.... so think he had doubts/concerns about whether it would come to fruition as expected....time wise at least I think Carclo are working with other companies in the Cambridge area on related technology/applications........ It is a worthy company of the kind that the UK needs more of.
The 'warning/update' is because of a contract that was due to fall in this year's figures being expanded in size and scope - such that it will only be realised next year - so hardly a 'warning' regarding the value of what the company is doing and its prospects......i.e. no rational reason for a fall in the sp based on this news. RNS = 13 November 2013 Ubisense Group plc Trading Update Cambridge, UK - Ubisense Group plc ("Ubisense" or the "Company") (LSE:UBI), a market leader in real time location intelligence solutions, provides the following update on trading performance. The Group has displayed strong momentum in the second half with its converged technology offering leading to significant contract wins during the period. In order to meet customer demand for the converged solutions, the Group has accelerated investment in the product portfolio, including its next generation Smart Factory System and MyWorld products and applications. In addition, a large OEM deal initially expected to fall within the period delivering revenue of approximately £1.9m has been delayed due to the size and scope of the contract expanding. The deal is expected to deliver significant value next year. As a result, the Group now expects to post revenues at the lower end of the range of expectations and EBITDA in line with 2012 levels. The benefit of the investment and the increasing customer demand is evidenced today with the announcement that a large European automotive manufacturer has chosen to extend their initial Smart Factory System deployment to a third facility after going into production with the system earlier in July. The order, valued at approximately $1 million, is part of a global framework agreement with the manufacturer and will extend the system from their assembly line to the finishing facility.
Atmel's statements for its Q2 results are very positive in that it appears that CIT/Xsense product can be produced in quantity at the right quality/efficiency. However the impact on Carlo's financial year 2013/14 is only going to be modest - Carclo's announcement indicates just a £4m to £7m increase in revenue due to CIT this year - so only about say 5 to 10% increase overall in Carclo's revenue - and in terms of cash flow (as I understand it) the sales will not produce much benefit yet because the prepayment from Atmel will mean the sales to Atmel will be offset against this (i.e. Atmel won't be paying Carclo anything for the sales to them for a while yet) So what is a 'fair' share price for the prospective earnings......?
Carclo have got forecast sales for CIT in this coming financial year of £8m to £12m. Given the prepayment from Atmel $10m - most of this invoiced revenue will not generate cash for Carclo as it will be unwinding the prepayment liability in Carclo's balance sheet. Carclo do sound positive about the performance of their production line BUT this seems to only cover part of the process - producing the base material - not sure what subsequent processes are and if they hold potential problems - converting the Fine Line Technology base material into touch sensors. If I recall correctly a statement by Atmel refers to 'We are now moving in the right direction' in relation to Xsense - this seems to indicate to me some hurdles ahead.... In the context of Carclo as a whole, the forecast revenue for CIT in the 2013/14 financial year - effectively in the last half - would only contribute an increase in revenue of say 10%, so the financial performance for this year is not going to be a step change for the company....however if they do ship £8/12m it would/should mean that they were up and running with the product leading to a big increase in revenue for the company in the 2014/15 year. In terms of risk it would be useful to assess the value of Carclo without CIT - to work out what would happen to the share price in case of things not working out with CIT, with the company relying on growth/profit prospects in their other divisions. Regarding the competition: Uni-pixel seem to have all sorts of baggage as a company and are totally reliant on the one product area but IF they are to be believed they claim to have a method that would - if it can be mass produced with good yield - be cheaper. It isn't clear to me exactly what the Carclo litigation action would involve with regard to Uni-pixel's product. With regard to other competitors I think Atmel referred to Fujifilm being a greater threat than Uni-pixel.
Yes that is my understanding. Checked the details on Atmel's MXT2952T controllers and all it says is that they can use copper mesh touch technology (Xsense) not that the controller has to use it. If they were going to use the Xsense then I think they would have stated it in any press release. Also the wording used in a recent announcement : "Atmel is also seeing potential in its new touch sense product called Xsense..." - this doesn't sound to me as if they have got all the production issues sorted out. On another front, the legal issue with Unipixel doesn't seem to be about Unipixel using Carclo technology (but something to do with disclosure).
20 Dec 2012 Carclo announcements: have achieved shipment of volume production of touch sensors - triggering the US$10million payment from Atmel Corporation (payment due early 2013). Increase in production capacity on schedule. Also they have issued legal proceedings against Uni-Pixel Displays for breaking an agreement regarding the use of Carclo know-how to which Uni-Pixel were privy in some earlier collaboration.
Carclo have released the slides for their analyst presentation this morning http://www.carclo.co.uk/~/media/Files/C/Carclo/pdfs/analysts-presentation-november-2012.pdf Worth looking at - CIT and also the potential for Carclo Diagnostic Solutions
Seems like Corning's recent announcement means that the market for CIT will be much smaller than thought.... http://www.iphoneincanada.ca/iphone-news/corning-introduces-flexible-ultra-thin-glass-expects-portables-to-adopt-it-by-2013/